Metavante, Lehman Settle $7M Claim Over Swap Deal

By Christie Smythe

Law360, New York (March 18, 2010, 7:49 PM ET) -- Banking industry technology provider Metavante Corp. has reached a settlement with a derivative arm of Lehman Brothers Holdings Inc. in a dispute over a swap contract, following Metavante’s appeal of a finding that it owed more than $6.6 million under the deal.

Judge Jed S. Rakoff issued an order Wednesday in the U.S. District Court for the Southern District of New York remanding the case to the district’s bankruptcy court for approval of the agreement, which was not described in court documents. A hearing on the...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles